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VEEM

ASX:VEE
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VEE
ASX
A$69M
Market Cap
  1. Home
  2. AU
  3. Capital Goods
Company description

VEEM Ltd manufactures and sells propulsion and stabilization systems. The last earnings update was 50 days ago. More info.


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VEE Share Price and Events
7 Day Returns
-6.2%
ASX:VEE
-3%
AU Machinery
0.7%
AU Market
1 Year Returns
20.5%
ASX:VEE
-13.6%
AU Machinery
4.7%
AU Market
VEE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VEEM (VEE) -6.2% -5.4% 6% 20.5% - -
AU Machinery -3% 2.4% 2.2% -13.6% 31.5% -58.1%
AU Market 0.7% 1.1% 6.5% 4.7% 17.5% 4.9%
1 Year Return vs Industry and Market
  • VEE outperformed the Machinery industry which returned -13.6% over the past year.
  • VEE outperformed the Market in Australia which returned 4.7% over the past year.
Price Volatility
VEE
Industry
5yr Volatility vs Market

VEE Value

 Is VEEM undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for VEEM. This is due to cash flow or dividend data being unavailable. The share price is A$0.53.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for VEEM's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VEEM's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:VEE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.01
ASX:VEE Share Price ** ASX (2019-04-18) in AUD A$0.53
Australia Machinery Industry PE Ratio Median Figure of 8 Publicly-Listed Machinery Companies 16.71x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of VEEM.

ASX:VEE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:VEE Share Price ÷ EPS (both in AUD)

= 0.53 ÷ 0.01

38.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VEEM is overvalued based on earnings compared to the AU Machinery industry average.
  • VEEM is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does VEEM's expected growth come at a high price?
Raw Data
ASX:VEE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-0.4%per year
Global Machinery Industry PEG Ratio Median Figure of 255 Publicly-Listed Machinery Companies 1.68x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for VEEM, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VEEM's assets?
Raw Data
ASX:VEE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.23
ASX:VEE Share Price * ASX (2019-04-18) in AUD A$0.53
Australia Machinery Industry PB Ratio Median Figure of 17 Publicly-Listed Machinery Companies 1.64x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.68x
ASX:VEE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:VEE Share Price ÷ Book Value per Share (both in AUD)

= 0.53 ÷ 0.23

2.31x

* Primary Listing of VEEM.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VEEM is overvalued based on assets compared to the AU Machinery industry average.
X
Value checks
We assess VEEM's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. VEEM has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

VEE Future Performance

 How is VEEM expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover VEEM, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VEEM expected to grow at an attractive rate?
  • VEEM's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • VEEM's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Unable to compare VEEM's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:VEE Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:VEE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -0.4%
Australia Machinery Industry Earnings Growth Rate Market Cap Weighted Average 61.9%
Australia Machinery Industry Revenue Growth Rate Market Cap Weighted Average 29.6%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:VEE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:VEE Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:VEE Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 41 1 2
2018-09-30 41 0 2
2018-06-30 41 -1 3
2018-03-31 39 1 3
2017-12-31 37 4 4
2017-09-30 38 3 4
2017-06-30 38 3 4
2017-03-31 42 4 4
2016-12-31 46 4 4
2016-09-30 43 6 5
2016-06-30 41 8 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • VEEM's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if VEEM is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:VEE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from VEEM Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:VEE Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:VEE Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.01
2018-09-30 0.02
2018-06-30 0.02
2018-03-31 0.03
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.04
2016-12-31 0.05
2016-09-30 0.06
2016-06-30 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if VEEM will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess VEEM's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
VEEM has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

VEE Past Performance

  How has VEEM performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare VEEM's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • VEEM's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • VEEM's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • VEEM's 1-year earnings growth is negative, it can't be compared to the AU Machinery industry average.
Earnings and Revenue History
VEEM's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from VEEM Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:VEE Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 41.11 1.81 17.05
2018-09-30 40.91 2.28 15.93
2018-06-30 40.71 2.76 14.81
2018-03-31 38.95 3.49 16.02
2017-12-31 37.05 4.23 17.10
2017-09-30 37.57 4.04 17.37
2017-06-30 38.08 3.85 17.64
2017-03-31 41.80 4.11 18.23
2016-12-31 45.51 4.38 18.82
2016-09-30 43.44 4.70 18.72
2016-06-30 41.37 5.01 18.62
2015-06-30 38.49 4.05 18.10
2014-06-30 39.83 5.41 17.53
2013-06-30 37.86 3.92 16.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • VEEM has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • VEEM used its assets less efficiently than the AU Machinery industry average last year based on Return on Assets.
  • VEEM's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess VEEM's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
VEEM has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

VEE Health

 How is VEEM's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up VEEM's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VEEM is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VEEM's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VEEM's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from VEEM Company Filings, last reported 3 months ago.

ASX:VEE Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 29.80 12.05 0.90
2018-09-30 29.80 12.05 0.90
2018-06-30 29.48 13.37 0.30
2018-03-31 29.48 13.37 0.30
2017-12-31 28.82 11.28 1.35
2017-09-30 28.82 11.28 1.35
2017-06-30 28.81 7.99 0.59
2017-03-31 28.81 7.99 0.59
2016-12-31 26.19 3.40 0.85
2016-09-30 26.19 3.40 0.85
2016-06-30 24.22 5.57 0.65
2015-06-30 22.70 5.05 0.38
2014-06-30 22.55 5.47 0.38
2013-06-30 20.44 5.41 0.61
  • VEEM's level of debt (40.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.3% vs 40.4% today).
  • Debt is not well covered by operating cash flow (4.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess VEEM's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. VEEM has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

VEE Dividends

 What is VEEM's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.57%
Current annual income from VEEM dividends.
If you bought A$2,000 of VEEM shares you are expected to receive A$11 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • VEEM's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
  • VEEM's dividend is below the markets top 25% of dividend payers in Australia (5.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:VEE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Machinery Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:VEE Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
ASX:VEE Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.003 0.546
2018-10-25 0.005 0.972
2018-08-30 0.005 0.931
2018-02-23 0.008 1.610
2017-08-31 0.012 2.294
2016-10-26 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VEEM is not paying a notable dividend for Australia, therefore no need to check if the payments are stable.
  • VEEM is not paying a notable dividend for Australia, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of VEEM's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of VEEM's dividends as it is not paying a notable one for Australia.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess VEEM's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can VEEM afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VEEM has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VEE Management

 What is the CEO of VEEM's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Miocevich
COMPENSATION A$412,637
TENURE AS CEO 24.3 years
CEO Bio

Mr. Mark David Miocevich, B. App.SC.(Mech Eng) FIE Aust serves as Managing Director at VEEM Ltd since 1995. Mr. Miocevich is responsible for the overall performance of VEEM and for the leadership of the management team in achieving the objectives of the Board. He has had extensive experience in engineering and manufacturing. He has been involved in management and operations with VEEM since 1983. He serves as Director at VEEM Ltd. He has a Bachelor of Applied Science (Mechanical Engineering), is a Fellow of the Institute of Engineers Australia.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year.
  • Mark's remuneration is about average for companies of similar size in Australia.
Management Team

Mark Miocevich

TITLE
MD & Director
COMPENSATION
A$413K
TENURE
24.3 yrs

Peter Torre

TITLE
Joint Company Secretary & Independent Non-Executive Director
COMPENSATION
A$38K
AGE
46
TENURE
2.6 yrs

Tracy Caudwell

TITLE
Manager of Finance & Administration and Joint Company Secretary
Board of Directors Tenure

Average tenure of the VEEM board of directors in years:

1
Average Tenure
  • The average tenure for the VEEM board of directors is less than 3 years, this suggests a new board.
Board of Directors

Brad Miocevich

TITLE
Non-Executive Chairman
COMPENSATION
A$170K

Mark Miocevich

TITLE
MD & Director
COMPENSATION
A$413K

Peter Torre

TITLE
Joint Company Secretary & Independent Non-Executive Director
COMPENSATION
A$38K
AGE
46
TENURE
1 yrs

Ian Barsden

TITLE
Non-Executive Director
COMPENSATION
A$60K
TENURE
2.8 yrs

Mike Bailey

TITLE
Independent Non-Executive Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
07. Feb 19 Sell Perennial Value Management Limited Company 13. Jun 18 10. Aug 18 -1,064,767 A$0.50 A$-532,440
07. Feb 19 Buy Perennial Value Management Limited Company 26. Feb 18 05. Feb 19 2,366,630 A$0.55 A$1,305,719
20. Sep 18 Buy Michael Bailey Individual 19. Sep 18 19. Sep 18 25,000 A$0.58 A$14,500
10. Sep 18 Buy Michael Bailey Individual 07. Sep 18 07. Sep 18 18,616 A$0.59 A$10,983
06. Sep 18 Buy Michael Bailey Individual 03. Sep 18 05. Sep 18 31,384 A$0.57 A$17,678
17. May 18 Buy Peter Torre Individual 16. May 18 16. May 18 60,000 A$0.41 A$24,900
X
Management checks
We assess VEEM's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. VEEM has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

VEE News

Simply Wall St News

What VEEM Ltd's (ASX:VEE) ROE Can Tell Us

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.061 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

VEEM (ASX:VEE) Shareholders Have Enjoyed A 17% Share Price Gain

For example, the VEEM Ltd (ASX:VEE) share price is up 17% in the last year, clearly besting than the market return of around 1.6% (not including dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During the last year, VEEM actually saw its earnings per share drop 60%.

Simply Wall St -

Should We Worry About VEEM Ltd's (ASX:VEE) P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how VEEM Ltd's (ASX:VEE) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is VEEM Ltd's (ASX:VEE) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as VEEM Ltd (ASX:VEE) with its market cap of AU$70m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies,

Simply Wall St -

Could VEEM Ltd's (ASX:VEE) Investor Composition Influence The Stock Price?

A look at the shareholders of VEEM Ltd (ASX:VEE) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Let's take a closer look to see what the different types of shareholder can tell us about VEE

Simply Wall St -

Is VEEM Ltd (ASX:VEE) Investing Your Capital Efficiently?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Despite Its High P/E Ratio, Is VEEM Ltd (ASX:VEE) Still Undervalued?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll show how you can use VEEM Ltd's (ASX:VEE) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Does VEEM Ltd (ASX:VEE) Create Value For Shareholders?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every A$1 worth of equity in the company, it was able to earn A$0.094. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Investors Should Know About VEEM Ltd's (ASX:VEE) Financial Strength

VEEM Ltd (ASX:VEE) is a small-cap stock with a market capitalization of AU$73m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.

Simply Wall St -

What Do You Get For Owning VEEM Ltd (ASX:VEE)?

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … To understand VEEM’s capital returns we will look at a useful metric called return on capital employed.

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VEE Company Info

Description

VEEM Ltd manufactures and sells propulsion and stabilization systems. It offers propellers, centrifugally cast hollow bars, and gyrostabilizers; and manufactures bespoke manufactured products and services to the marine, defense, and mining industries. The company was founded in 1968 and is headquartered in Canning Vale, Australia. VEEM Ltd is a subsidiary of Veem Corporation Pty Ltd.

Details
Name: VEEM Ltd
VEE
Exchange: ASX
Founded: 1968
A$68,900,000
130,000,000
Website: http://www.veem.com.au
Address: VEEM Ltd
22 Baile Road,
Canning Vale,
Western Australia, 6155,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX VEE Ordinary Shares Australian Securities Exchange AU AUD 26. Oct 2016
CHIA VEE Ordinary Shares Chi-X Australia AU AUD 26. Oct 2016
Number of employees
Current staff
Staff numbers
0
VEEM employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 10:35
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/08/30
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.